Posted on 01/27/2023 8:38:20 AM PST by Kaiser8408a
Kansas City is a wonderful city. But the KC Fed’s Services Survey is not. In fact, it plunged to -11 for January. Rough start to the new year.
The decline in the KC Fed survery mirrors that of other regional Fed indices, indicating a slowdown in the US economy as The Fed withdraws the monetary punch bowl,
Despite the hoopla, remember that US Real GDP growth only grew at less than 1% on a year-over-year basis in 2022.
Apparently, The Federal Reserve doesn’t have a whole lotta love for middle class America.
(Excerpt) Read more at confoundedinterest.net ...
what?
Too late Biden already took his victory lap on the nominal GDP. Quite frankly, the Real GDP figure is horrendous considering it is propped up by government spending. Take government spending away and the Real GDP is negative.
Things were a lot better 4 years ago.
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